CEVA, Inc. Announces Fourth Quarter and 2015 Financial Results

 

CEVA, INC. AND ITS SUBSIDIARIES

                       CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. Dollars in thousands)


December 31,

December 31,


2015

2014 (*)


Unaudited

Unaudited 

ASSETS



Current assets:



Cash and cash equivalents

$        18,909

$        16,166

Marketable securities and short term bank deposits

79,033

85,277

Trade receivables, net

4,068

8,347

Prepaid expenses and other current assets

4,017

3,982

Total current assets

106,027

113,772

Long-term assets:



Long term bank deposits

41,334

28,424

Severance pay fund

7,297

7,011

Deferred tax assets

1,628

1,263

Property and equipment, net

3,731

2,605

Goodwill

46,612

46,612

Investment in other company

1,806

1,806

Other intangible assets

4,214

5,512

Total assets

$        212,649

$        207,005

LIABILITIES AND STOCKHOLDERS' EQUITY



Current liabilities:



Trade payables

$           693

$           864

Deferred revenues

2,763

1,681

Accrued expenses and other payables

14,697

16,711

Taxes payable

830

739

Total current liabilities

18,983

19,995




Long-term liabilities:



Accrued severance pay

7,571

7,096

Deferred tax liabilities

-

865




Total liabilities

26,554

27,956




Stockholders' equity:



Common stock:

21

20

Additional paid in-capital

208,744

209,426

Treasury stock

(51,798)

(54,708)

Accumulated other comprehensive loss

(419)

(436)

Retained earnings

29,547

24,747

Total stockholders' equity

186,095

179,049

Total liabilities and stockholders' equity

$    212,649

$    207,005


 (*) Derived from audited financial statements


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